Mortgage Rate ‘Lock-In’ Effect Keeping Sellers Back, Report Says
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Mortgage Rate ‘Lock-In’ Effect Keeping Sellers Back, Report Says

ByTMN Editor Reading Time: 3 minutes

Analysis from the Federal Housing Finance Agency finds that, while U.S. mortgage rates are not historically high, the gap between the rates existing homeowners are paying and would-be home buyers are facing has reached a point not seen in decades. The result is a “lock-in effect” that’s keeping the housing supply extremely tight, a problem that President…

Listings, Properties Under Contract Increased In December

Listings, Properties Under Contract Increased In December

ByTMN Editor Reading Time: 2 minutes

Both listings and sales improved in December, suggesting the impact of cooling rates may finally be encouraging movement in the market. That’s according to HouseCanary’s December Market Pulse Report, which found new listings up 5% YOY last month. Though stock remains historically low and many buyers are still priced out of the market, the data…

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